Riverside by Design: Five Startups Highlighted

By: Sharjeel Sohaib

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Feb 3, 2023

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  • Β The Riverside State of the City Address was held on Thursday, January 26, 2023, at the Riverside Convention Center
  • Mayor Patricia Lock Dawson, Noted that the City of Riverside has innovative entrepreneurs and mentioned 5 ExCITE Accelerator Startups by name
  • The five ExCITE Startups Mentioned are:Β  LV5A, PHOTIO, STARNAV, TECH STEAM CENTER & DEEPBITS

Lock Dawson delivered the talk virtually in 2021 and 2022 due to the coronavirus epidemic before making the first update speech in person at the Riverside Convention Center.

Lock Dawson began the address by referring to the event’s theme, “Riverside by Design.” 

5 Innovative EXCITE Startups 

Here are the five renowned startups she mentioned:

StarNav

StarNav, is a company focused on radio positioning technology. This startup develops special navigation receivers to provide positioning without GPS. Its target customer is the Department of Defense (DoD). This is especially useful when facing GPS jamming and spoofing.

Read More: Riverside-based StarNav Obtains SBIR Contracts from Airforce, Navy, and Army

Photio

Photio is a kind of paint that mimics photosynthesis and combats greenhouse gases. It is a Cleantech that uses nano mimetics as the basis for its developments to replicate processes that occur in nature, such as photosynthesis.

Read More: Photio

Deepbits

Deepbits is a code intelligence platform powered by AI. It creates SBOMs directly from application binaries to firmware images and continually protects them by integrating them with the software supply chain lifecycle.

Read More: Deepbits: An ExCITE Riverside Alumni

LV5A

LV5A is self-driving smart city hardware in the innovation district. LV5A, which allows level 2,3 autonomous self-driving to achieve level 5, aims to reduce entry for all automakers to enter the full self-driving era.

Read More: William Innovations LLC.

Tech STEAM Center

Tech STEAM Innovation center is a brand-new interactive learning center that combines technology, education, and fun in a secure environment for kids. Children can learn 2D and 3D video game development, coding, web design, electronics, and robotics.

Read More: The Tech STEAM Center

She further mentioned that they’re aiming to make Riverside a modern digital city of the 21st century. 

Riverside is going to be the envy of every city in the country. 

5 main Highlights from the address

The following five points were covered in Lock Dawson’s speech:

Economic expansion

To draw, grow, and maintain business in Riverside, the mayor added, “we must be intentional in our activities, and we are doing just that.”

In the past year, the city issued approximately 23,000 company permits.

The well-being of the community 

Lock-Dawson cited the city’s assistance with infrastructure and public safety initiatives, including the paving of nearly 25 miles of roads last year, the installation of roughly 160,000 square feet of new sidewalks, the filling of 127,000 square feet of potholes, and the trimming of more than 18,000 street trees.

A $300M private investment from the sci-fi company will deploy 9 million feet (almost 2000 miles ) of high-speed fiber internet citywide. This mission will bring broadband to every doorstep in Riverside to bridge the digital divide and dramatically increase the internet’s speed in neighborhoods and businesses.

Education

Lock Dawson emphasized the successes of Riverside’s four postsecondary institutions.

She claimed that “all of them are improving the amazing workforce pipeline here in Riverside.” “By providing essential business resources, leveraging our agricultural legacy with startup incubators, and innovating with renowned research operations,” the statement reads.

Finances 

She claimed that after previously “functioning in a reactive mode due to strained financial resources,” the city now has strong financial standing.

According to Lock Dawson, general sales tax receipts have increased by more than 30% since 2019, and Riverside is now “living within our means” and making plans for the future.

People

Lock Dawson complimented the city’s citizens and nonprofit organizations.

Wrap Up!

The State of the City Address in Riverside took place on January 26, 2023, and was delivered by Mayor Patricia Lock Dawson in person. The mayor emphasized Riverside’s distinctiveness, prosperity, and innovation and referred to the event’s theme, “Riverside by Design.” Lock Dawson highlighted five exciting startups in Riverside, including StarNav, Photio, Deepbits, LV5A, and Tech STEAM Center.

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